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Who's good with identifying assay, hallmarks or counterstamps on Gold?

rte592rte592 Posts: 1,670 ✭✭✭✭✭
edited May 28, 2018 7:24AM in Precious Metals

Comments

  • mkman123mkman123 Posts: 6,849 ✭✭✭✭

    tell us more on how you got this and where. Provenance is important.....the chinese can fake these easily

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  • WeissWeiss Posts: 9,941 ✭✭✭✭✭

    Just a WAG, but the crown over FVS mark looks very similar to Felipe V of Spain. There was at least one huge treasure shipwreck during his reign: The Capitania. And I would treat any such piece with skepticism.

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  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭

    Isn't the M with the circle over the top the mint mark for the Mexico City Mint? Neat looking bar that's most likely recovered from a treasure hoard from a Spanish shipwreck.

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  • coinpro76coinpro76 Posts: 366 ✭✭✭

    1659 Philip IV 22-carat ingot Mexico City Are you located in Florida?
    This most likely had to be recovered from a shipwreck. However this piece is more smooth and less porous than the rough and sometimes more porous examples I have seen. Provenance, weight, and measurements will be key in verifying the legitimacy of your ingot as @mkman123 @Weiss @PerryHall have mentioned.

    The square stamp on the left end of the ingot bearing an 'M' with the small 'o' above indicates mintage in Mexico City. Just to the right is a crowned stamp bearing the monogram PVS indicating the monarch, Philip IV, this is the royal stamp showing the Quinto or "fifth" tax had been paid to the king's agents. The Quinto was a lucrative royal tax requiring everyone to pay the king the equivalent of one-fifth the value of all their income and assets. Followed by a round crowned stamp bearing the date 1659. The small round stamped P to the right is the initial of the anonymous assayer who produced coins during 1622-1667. Again to the right is a large stamped 'V' for the weight, which equalled 5 old Spanish ounces. Finally, the obverse rim of an 8 escudos piece is stamped once on the far right end of the ingot

    In 1659, the Spanish viceroy of Lima tried to quash doubts about the quality of coins from New World mints by sending prime samples aboard the galleon San Miguel de Archangel to King Philip IV. The ship sank in a storm off the Jupiter Inlet in December 1659 or January 1660.

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  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭

    If it's authentic, you have a very valuable item !!! :)

    Timbuk3
  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    looks like a Rothschild billy club

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  • rte592rte592 Posts: 1,670 ✭✭✭✭✭
    edited May 28, 2018 5:50PM

    Intriguing bar to say the least.
    Has that almost to uniform look to it.
    That and the most troubling thing NO purity markings?
    Here is the back side.

  • rte592rte592 Posts: 1,670 ✭✭✭✭✭
    edited May 28, 2018 6:19PM

    A couple pictures from the Jupiter Wreck.


  • CaptHenwayCaptHenway Posts: 32,144 ✭✭✭✭✭

    Now that it has been identified, I would recommend that it be certified by a major TPG. First check to see if they can do it.

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    What a great piece - if authentic - Good luck in having it certified. Is there an interesting backstory to the acquisition? Cheers, RickO

  • rte592rte592 Posts: 1,670 ✭✭✭✭✭

    It's climbed over my comfort level in price.
    It's from a safety deposit box auction.
    The marks look too contemporary from the real salvaged bars, SO I'll call it a cool art bar and take a pass on it.

  • ashelandasheland Posts: 23,189 ✭✭✭✭✭

    Awesome ingot!

  • rte592rte592 Posts: 1,670 ✭✭✭✭✭

    Final update.
    The bar sold for $8705.00.
    $5200 worth 22k gold per weight and the rest was driven by the COOL factor.

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